Conduent(US:CNDT)2021-02-19 02:02Financial Performance - Conduent's adjusted revenue for FY 2020 was $4163 million, a decrease of 6% year-over-year[5,10] - The adjusted EBITDA for FY 2020 was $480 million, with a margin of 115%, up 40 bps year-over-year[5,10] - Adjusted free cash flow for FY 2020 was $145 million, representing 30% of adjusted EBITDA[5,16] - The company anticipates revenue between $4000 million and $4150 million for FY 2021[21] - The adjusted EBITDA margin is expected to be between 110% and 115% for FY 2021[21] - Adjusted free cash flow is projected to be approximately 20% of adjusted EBITDA in FY 2021[21] New Business and Retention - New business TCV signings for FY 2020 reached $1934 million, a 94% increase compared to 2019[5] - Net ARR activity for Q4 2020 (TTM) was $95 million[6] Segment Performance - Commercial sector revenue declined by 79% year-over-year, impacted by approximately $158 million due to COVID-19[12] - Government sector revenue increased by 14% year-over-year, including approximately $149 million from COVID-19 related activities[12] - Transportation sector revenue decreased by 93% year-over-year, with approximately $76 million impact from COVID-19[12]